Nicolet Bankshares Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Nicolet Bankshares Inc. reported 204 stock positions worth $496.0 million. Its top holding was Nicolet Bankshares (NIC) at 16.8% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 11.4%) and SS SPDR P S&P 500 Growth ETF (SPYG, 6.4%). Compared with Q2 2024, it opened 4 new positions, sold out of 8, added to 31 and reduced 132. The biggest buy was a new position in Dimensional US Core Equity 2 (DFAC) and the biggest sale Microsoft (MSFT, shares −6%).

Most Recent 13F
Q2 2026
Location
GREEN BAY, WI
CIK
0001174850
Portfolio Value
$496.0M (Q3 2024)
SEC Filing
0001174850-24-000048 ↗ filed Nov 12, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $482.1M Q1 2024 Q2 2024: $476.7M Q2 2024 Q3 2024: $496.0M $496.0M Q3 2024 Q4 2024: $512.1M Q4 2024 Q1 2025: $498.1M Q1 2025 Q2 2025: $578.7M Q2 2025 Q3 2025: $622.3M Q3 2025 Q4 2025: $624.0M Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $3.1B Q2 2026

Holdings 204 stocks · $496.0M
NIC Nicolet Bankshares Inc. 16.77% 869,752 $83.2M Reduce -1.7%
SPYV SS SPDR P S&P 500 Value ETF 11.45% 1,074,161 $56.8M Reduce -1.1%
SPYG SS SPDR P S&P 500 Growth ETF 6.44% 385,043 $31.9M Reduce -2.0%
AAPL Apple Inc. 3.22% 68,571 $16.0M Reduce -6.1%
MSFT Microsoft Corp. 2.61% 30,132 $13.0M Reduce -5.8%
SPY SS SPDR S&P 500 ETF Trust-US 2.61% 22,584 $13.0M Add +3.3%
IVW iShares S&P 500 Growth ETF 2.39% 123,811 $11.9M Reduce -3.2%
NVDA Nvidia Corp. 2.08% 84,790 $10.3M Reduce -3.9%
VOO Vanguard S&P 500 ETF 1.70% 15,948 $8.4M Add +1.2%
AMLP Alerian MLP ETF 1.36% 143,553 $6.8M Reduce -3.8%
AMZN Amazon.com Inc. 1.28% 34,066 $6.3M Reduce -2.6%
IVV iShares Core S&P 500 ETF 1.28% 10,980 $6.3M Reduce -0.0%
IVE iShares S&P 500 Value ETF 1.27% 31,980 $6.3M Reduce -3.1%
COST Costco Wholesale Corp. 1.22% 6,831 $6.1M Reduce -4.3%
AVRE Avantis Real Estate ETF 1.22% 128,220 $6.0M Add +1.5%
VEA Vanguard Ftse Developed ETF 1.19% 111,911 $5.9M Reduce -1.6%
IWF iShares Russell 1000 Growth 1.16% 15,320 $5.8M Reduce -10.4%
GOOG Alphabet Inc. Class C 1.16% 34,392 $5.7M Reduce -7.0%
AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC 1.16% 201,916 $5.7M Add +2.4%
EFA iShares MSCI Eafe ETF 1.13% 67,038 $5.6M Reduce -2.4%
JPM JPMorgan Chase & Co. 1.01% 23,754 $5.0M Reduce -5.2%
TLH iShares 10-20 Year Treasury 1.00% 45,441 $5.0M Add +11.8%
META Meta Platforms Inc. Class A 0.79% 6,804 $3.9M Reduce -3.3%
MA Mastercard Inc. Class A 0.74% 7,429 $3.7M Reduce -4.0%
GOOGL Alphabet Inc. Class A 0.70% 20,947 $3.5M Reduce -3.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.69% 19,679 $3.4M Reduce -2.5%
PG The Procter & Gamble Co. 0.68% 19,386 $3.4M Reduce -2.6%
XOM Exxon Mobil Corp. 0.60% 25,261 $3.0M Reduce -1.0%
HD Home Depot Inc. 0.60% 7,294 $3.0M Reduce -0.0%
ABT Abbott Laboratories 0.57% 24,599 $2.8M Reduce -4.2%
KO The Coca-Cola Co. 0.56% 38,379 $2.8M Reduce -2.6%
BRK.B Berkshire Hathaway Inc. Class B 0.54% 5,790 $2.7M Reduce -6.6%
MCD McDonald's Corp. 0.50% 8,158 $2.5M Reduce -4.9%
CMG Chipotle Mexican Grill Inc. 0.49% 42,338 $2.4M Reduce -2.1%
ADBE Adobe Inc. 0.48% 4,645 $2.4M Reduce -8.2%
IWM iShares Russell 2000 ETF 0.46% 10,338 $2.3M No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.46% 8,652 $2.3M Reduce -0.3%
IWD iShares Russell 1000 Value E 0.45% 11,760 $2.2M Reduce -12.8%
CRM Salesforce Inc. 0.45% 8,125 $2.2M Reduce -1.5%
ORCL Oracle Corp. 0.42% 12,339 $2.1M Reduce -3.6%
WEC WEC Energy Group Inc. 0.42% 21,839 $2.1M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.42% 5,374 $2.1M Reduce -1.2%
VTI VG Morningstar TS MKT ETF-US 0.41% 7,126 $2.0M Reduce -1.4%
PANW Palo Alto Networks Inc. 0.40% 5,780 $2.0M Reduce -3.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.39% 8,736 $1.9M Reduce -8.4%
SNDR Schneider National Inc. Class B 0.38% 66,000 $1.9M No change
ADI Analog Devices Inc. 0.36% 7,845 $1.8M Reduce -5.7%
GD General Dynamics Corp. 0.34% 5,659 $1.7M Add +0.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.34% 14,548 $1.7M Reduce -0.3%
WMT Walmart Inc. 0.34% 20,905 $1.7M Reduce -1.8%
ICE Intercontinental Exchange Inc. 0.34% 10,381 $1.7M Reduce -5.2%
AON Aon PLC Class A 0.33% 4,750 $1.6M Reduce -2.4%
HON Honeywell International Inc. 0.33% 7,809 $1.6M Reduce -2.0%
NEE Nextera Energy Inc. 0.32% 18,988 $1.6M Add +9.3%
MDLZ Mondelez International Inc. Class A 0.31% 20,807 $1.5M Reduce -3.5%
DHR Danaher Corp. 0.31% 5,481 $1.5M Reduce -8.4%
CVX Chevron Corp. 0.31% 10,340 $1.5M Reduce -6.3%
ETN Eaton Corp. PLC 0.30% 4,503 $1.5M Reduce -1.3%
QQQ Invesco QQQ Trust Series 1 0.30% 3,039 $1.5M No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.30% 1,418 $1.5M Reduce -3.5%
DE Deere & Co. 0.30% 3,524 $1.5M Reduce -3.7%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.29% 8,710 $1.5M No change
UNH Unitedhealth Group Inc. 0.29% 2,490 $1.5M Reduce -3.8%
AMT American Tower Corp. 0.29% 6,199 $1.4M Add +0.1%
BND Vanguard Total Bond Market 0.29% 18,941 $1.4M Reduce -25.0%
NSC Norfolk Southern Corp. 0.28% 5,597 $1.4M Reduce -0.9%
JNJ Johnson & Johnson 0.28% 8,456 $1.4M Reduce -4.6%
DFAC Dimensional US Core Equity 2 0.27% 38,413 $1.3M New
PEP Pepsico Inc. 0.26% 7,721 $1.3M Reduce -3.2%
CSCO Cisco Systems Inc. 0.26% 24,373 $1.3M Reduce -1.1%
VXUS Vanguard Total Intl Stock 0.26% 20,020 $1.3M No change
VGLT Vanguard Long-Term Treasury 0.26% 21,022 $1.3M Reduce -22.6%
LOW Lowe's Cos Inc. 0.26% 4,751 $1.3M Reduce -5.1%
CAT Caterpillar Inc. 0.26% 3,284 $1.3M No change
TFC Truist Financial Corp. 0.26% 29,964 $1.3M Reduce -5.0%
PFE Pfizer Inc. 0.26% 44,105 $1.3M Add +12.3%
BX Blackstone Inc. 0.25% 8,216 $1.3M Reduce -4.1%
BMY Bristol-Myers Squibb Co. 0.24% 23,487 $1.2M Add +9.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.24% 4,551 $1.2M Reduce -0.8%
INTU Intuit Inc. 0.24% 1,897 $1.2M Reduce -16.7%
CMCSA Comcast Corp. Class A 0.23% 26,744 $1.1M Add +16.7%
TMO Thermo Fisher Scientific Inc. 0.22% 1,797 $1.1M Reduce -11.5%
LLY Eli Lilly & Co. 0.22% 1,254 $1.1M Reduce -13.0%
GSK GSK PLC-Spon ADR 0.22% 26,802 $1.1M Add +2.6%
V Visa Inc. Class A 0.22% 3,945 $1.1M Reduce -13.8%
ABBV Abbvie Inc. 0.21% 5,317 $1.1M Reduce -1.0%
CVS CVS Health Corp. 0.20% 15,772 $992K Reduce -7.1%
MRSH Marsh & McLennan Cos 0.20% 4,445 $992K Add +0.4%
VOOG Vanguard S&P 500 Growth ETF 0.20% 2,841 $981K Reduce -2.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.20% 23,124 $970K Reduce -2.7%
FISV Fiserv Inc. 0.19% 5,343 $960K Reduce -16.0%
IWB iShares Russell 1000 ETF 0.19% 3,040 $956K Reduce -15.5%
COR Cencora Inc. 0.19% 4,104 $924K Add +3.7%
NKE Nike Inc. Class B 0.18% 10,366 $916K Reduce -7.3%
SCHW Schwab (charles) Corp. 0.18% 13,791 $894K Reduce -6.7%
IEMG iShares Core MSCI Emerging 0.17% 14,956 $859K Reduce -4.0%
GUNR NT Mstar GLBL NR ETF 0.17% 20,813 $859K Add +15.8%
CDW CDW Corp. 0.17% 3,706 $839K Reduce -4.1%
POCT Innovator U.S. Equity Power 0.17% 21,468 $836K No change
UNP Union Pacific Corp. 0.17% 3,342 $824K Reduce -7.8%

Show all 204 holdings

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -5.8% 2.61% −0.39
GOOG Alphabet Inc. Class C Reduce -7.0% 1.16% −0.26
NVDA Nvidia Corp. Reduce -3.9% 2.08% −0.21
SPYG SS SPDR P S&P 500 Growth ETF Reduce -2.0% 6.44% −0.17
IWF iShares Russell 1000 Growth Reduce -10.4% 1.16% −0.15
AMLP Alerian MLP ETF Reduce -3.8% 1.36% −0.14
AMZN Amazon.com Inc. Reduce -2.6% 1.28% −0.14
GOOGL Alphabet Inc. Class A Reduce -3.2% 0.70% −0.13
ADBE Adobe Inc. Reduce -8.2% 0.48% −0.10
BND Vanguard Total Bond Market Reduce -25.0% 0.29% −0.10
IVW iShares S&P 500 Growth ETF Reduce -3.2% 2.39% −0.09
MUB iShares National Muni Bond E Reduce -38.0% 0.13% −0.08
CMG Chipotle Mexican Grill Inc. Reduce -2.1% 0.49% −0.08
INTU Intuit Inc. Reduce -16.7% 0.24% −0.08
VGLT Vanguard Long-Term Treasury Reduce -22.6% 0.26% −0.07
NXPI NXP Semiconductors NV Sold out 0.00% −0.06
LRCX Lam Research Corp. Reduce -1.5% 0.16% −0.06
AME Ametek Inc. Sold out 0.00% −0.06
AMG Affiliated Managers Group Sold out 0.00% −0.06
CVX Chevron Corp. Reduce -6.3% 0.31% −0.05
GPN Global Payments Inc. Sold out 0.00% −0.05
JPM JPMorgan Chase & Co. Reduce -5.2% 1.01% −0.05
COST Costco Wholesale Corp. Reduce -4.3% 1.22% −0.05
RPM RPM International Inc. Sold out 0.00% −0.05
AKAM Akamai Technologies Inc. Sold out 0.00% −0.05
LLY Eli Lilly & Co. Reduce -13.0% 0.22% −0.05
SUB iShares Short-Term National Sold out 0.00% −0.05
SCHW Schwab (charles) Corp. Reduce -6.7% 0.18% −0.05
BA The Boeing Co. Reduce -7.6% 0.13% −0.05
HOLX Hologic Inc. Sold out 0.00% −0.04
IWD iShares Russell 1000 Value E Reduce -12.8% 0.45% −0.04
SLB SLB Ltd. Reduce -2.7% 0.20% −0.04
ASML ASML Holding NV-NY Reg SHS Reduce -30.5% 0.05% −0.04
WFC Wells Fargo & Co. Reduce -11.5% 0.16% −0.04
SNPS Synopsys Inc. Reduce -34.5% 0.04% −0.04
ADI Analog Devices Inc. Reduce -5.7% 0.36% −0.03
V Visa Inc. Class A Reduce -13.8% 0.22% −0.03
IWB iShares Russell 1000 ETF Reduce -15.5% 0.19% −0.03
HON Honeywell International Inc. Reduce -2.0% 0.33% −0.03
SCZ iShares MSCI Eafe Small-Cap Reduce -40.3% 0.05% −0.03
QCOM Qualcomm Inc. Reduce -12.7% 0.07% −0.03
APH Amphenol Corp. Class A Reduce -16.3% 0.10% −0.03
PANW Palo Alto Networks Inc. Reduce -3.4% 0.40% −0.03
WH Wyndham Hotels & Resorts Inc. Reduce -29.7% 0.07% −0.03
SYK Stryker Corp. Reduce -30.1% 0.06% −0.02
HAL Halliburton Co. Reduce -6.1% 0.08% −0.02
EVTC Evertec Inc. Reduce -34.9% 0.04% −0.02
EL Estee Lauder Companies Class A Reduce -14.0% 0.08% −0.02
MRK Merck & Co. Inc. Reduce -3.0% 0.14% −0.02
INTC Intel Corp. Reduce -3.3% 0.05% −0.02

Portfolio Buys Q2 2024 → Q3 2024
DFAC Dimensional US Core Equity 2 New 0.27% +0.27
AVRE Avantis Real Estate ETF Add +1.5% 1.22% +0.13
TLH iShares 10-20 Year Treasury Add +11.8% 1.00% +0.13
SPY SS SPDR S&P 500 ETF Trust-US Add +3.3% 2.61% +0.12
IBIT iShares Bitcoin Trust ETF New 0.10% +0.10
NOW ServiceNow Inc. New 0.07% +0.07
NEE Nextera Energy Inc. Add +9.3% 0.32% +0.07
BMY Bristol-Myers Squibb Co. Add +9.0% 0.24% +0.06
VOO Vanguard S&P 500 ETF Add +1.2% 1.70% +0.04
ECL Ecolab Inc. New 0.04% +0.04
AMT American Tower Corp. Add +0.1% 0.29% +0.04
CMCSA Comcast Corp. Class A Add +16.7% 0.23% +0.04
ACN Accenture PLC Class A Add +32.3% 0.09% +0.03
PFE Pfizer Inc. Add +12.3% 0.26% +0.03
RTX RTX Corp. Add +22.4% 0.08% +0.02
IJH iShares Core S&P Midcap ETF Add +15.3% 0.15% +0.02
GUNR NT Mstar GLBL NR ETF Add +15.8% 0.17% +0.02
VB Vanguard Most SM-Cap ETF-Usd Add +13.0% 0.12% +0.02
VWO Vanguard Ftse Emerging Marke Add +15.2% 0.10% +0.02
MAS Masco Corp. Add +12.0% 0.06% +0.02
BDX Becton Dickinson and Co. Add +20.4% 0.09% +0.01
GSK GSK PLC-Spon ADR Add +2.6% 0.22% +0.01
AMD Advanced Micro Devices Add +17.1% 0.07% +0.01
GLD SPDR Gold Shares Add +7.5% 0.06% +0.01
FCX Freeport-McMoran Inc. Add +8.0% 0.14% +0.01
FDX FedEx Corp. Add +21.5% 0.10% +0.01
IGF iShares Global Infrastructur Add +0.3% 0.06% +0.01
IWR iShares Russell Mid-Cap ETF Add +0.7% 0.10% +0.00
MRSH Marsh & McLennan Cos Add +0.4% 0.20% +0.00
GD General Dynamics Corp. Add +0.6% 0.34% +0.00
COR Cencora Inc. Add +3.7% 0.19% −0.00
DIS The Walt Disney Co. Add +5.0% 0.16% −0.00
MCHP Microchip Technology Inc. Add +8.2% 0.11% −0.01
BBWI Bath & Body Works Inc. Add +2.2% 0.11% −0.03
AMJB Alerian MLP ETN2044 Add +2.4% 1.16% −0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 612$3.1BSPYM, AAPL, SPYV, AVEM, SPYG
Q1 2026 562$2.7BSPYM, SPYV, AAPL, AVEM, SPYG
Q4 2025 226$624.0MNIC, SPYM, SPYV, VOO, SPYG
Q3 2025 218$622.3MNIC, SPYV, SPYG, VOO, AAPL
Q2 2025 207$578.7MNIC, SPYV, SPYG, VOO, MSFT
Q1 2025 197$498.1MNIC, SPYV, SPYG, AAPL, SPY
Q4 2024 193$512.1MNIC, SPYV, SPYG, AAPL, SPY
Q3 2024 204$496.0MNIC, SPYV, SPYG, AAPL, MSFT
Q2 2024 208$476.7MNIC, SPYV, SPYG, AAPL, MSFT
Q1 2024 216$482.1MNIC, SPYV, SPYG, MSFT, AAPL